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Commentary

Accounting records (India)

22 India

Accounting records (India)

It is a legal requirement for all Indian GST registered entities to keep accounting records. The main items to be kept include the following:

  1. Ìý

    •ÌýÌýÌýÌý Purchase and sales invoices.

  2. Ìý

    •ÌýÌýÌýÌý Records of input tax incurred and claimed.

  3. Ìý

    •ÌýÌýÌýÌý Details of output tax payable, collected and paid, including under the reverse charge.

  4. Ìý

    •

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